1031 Exchanges 10 Things To Know

1031 Exchanges 10 Things To Know

1. A 1031 isn't for personal use

2. Personal property no longer qualifies.  

3. A special transition rule might help.

4. "Like-kind" is broad.

5. You can do a 'delayed' exchange.

6. You must designate replacement property.

7. You must close within six months.

8. If you receive cash, it's taxed. 

9. You must consider mortgages and other debt. 

10. Using 1031 for a vacation house is tricky.

Wood, R. W. (2018, January 30). 10 Things to Know About 1031 Exchanges. Retrieved from https://www.investopedia.com/financial-edge/0110/10-things-to-know-about-1031-exchanges.aspx

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Phone: 602-374-0601
Dated: October 25th 2018
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About Arcelia: I am a dedicated Realtor that knows the importance of understanding what the client needs and wants....

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